Enterprise Mobility Market Value To Climb 600%

Since the 1970s the IT world has seen computer systems shrink in size from entire offices to the palm of our hands. With smaller, mobile products comes unprecedented growth, and the next half decade will see the market’s value grow nearly 600%, according to new forecasts.

In a recently published report about the Enterprise Mobility market – which encompasses smartphones, laptops, and tablets – predictions showed the sector’s growth would dramatically increase from 2014 to 2020, going from $85 billion in 2014 to an estimated $500 billion in 2020.

Assuming a CAGR of 24% between 2015 and 2020, the market is dominated by North America, followed by Asia Pacific and Europe. While laptops were the driving force at the start of the prediction forecast, a growing demand for smartphones will be the largest portion of the market over the next half decade.

According to data released in 2015, more than 6 billion smartphones will be in use by 2020, with some 70% of earth’s population using a handheld device.

Also incorporated into the analysis is the growth of the mobile software, specifically mobile device management, application management, and content management solutions. While many factors will contribute to the market’s growth for both hardware and software, analysts say the only obstacle facing strong growth is the potential for security challenges, including Identity and Access Management, the forecast said.

Enterprise mobility is facing a change in trends and policies has more companies are moving into a mobile-first world, having to equip employees with a BYOD or corporately-owned platform. In doing so, however, security issues abound, as you’ll see here.

Enterprise Mobility Exchange also reported on the ins and outs of mobile devices in the workplace, asking three end users from separate industries about their setup and why they choose particular platforms. See more here.

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